-The Hindu Attention needs to be paid to both cyclical and structural dimensions of India’s present economic slowdown India’s current economic slowdown is due to a combination of two underlying trends. First, there is the short-run cyclical slowdown exhibited by a number of high-frequency indicators, reflecting a significant fall in demand, especially for sectors such as automobiles, consumer durables and housing. Second, there is the more serious long-term fall in investment and savings...
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Raghuram Rajan issues warning alert for Modi govt on economy
-BusinessToday.in According to former RBI Governor Raghuram Rajan, the slowdown in the economy "very worrisome", and he called for pressing reforms to boost the economy and energise the private sector to invest as well as a fresh look at the way GDP is being calculated Former RBI Governor Raghuram Rajan has said the economic slowdown in India is "very worrisome" and has called for a fresh look at the way GDP is...
More »PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer
-The Indian Express The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on...
More »India's economy is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon
-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for...
More »RSS blames RBI for economic slowdown, defends Modi govt policies -Anjali Das
-National Herald/ IANS Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy. "The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and...
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